AMEX:CCF

Stock Analysis Report

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Executive Summary

Chase Corporation, a specialty chemicals company, manufactures and sells protective materials for various applications worldwide. More Details

Rewards

Trading at 36.5% below our estimate of its fair value

Earnings grew by 4.3% over the past year

Risk Analysis

CCF passed our risk checks.


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Chase's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.0%

CCF

-0.5%

US Chemicals

-1.3%

US Market


1 Year Return

-11.4%

CCF

10.5%

US Chemicals

18.5%

US Market

Return vs Industry: CCF underperformed the US Chemicals industry which returned 10.5% over the past year.

Return vs Market: CCF underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

CCFIndustryMarket
7 Day2.0%-0.5%-1.3%
30 Day3.7%1.7%5.3%
90 Day-5.2%5.6%7.5%
1 Year-10.8%-11.4%13.0%10.5%21.3%18.5%
3 Year-12.9%-14.8%16.0%-5.8%42.4%32.9%
5 Year141.6%130.6%63.7%25.8%84.2%63.5%

Price Volatility Vs. Market

How volatile is Chase's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chase undervalued compared to its fair value and its price relative to the market?

36.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCF ($99.39) is trading below our estimate of fair value ($156.62)

Significantly Below Fair Value: CCF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CCF is good value based on its PE Ratio (26.6x) compared to the US Chemicals industry average (27.6x).

PE vs Market: CCF is poor value based on its PE Ratio (26.6x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CCF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CCF is overvalued based on its PB Ratio (3.2x) compared to the US Chemicals industry average (2.1x).


Next Steps

Future Growth

How is Chase forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.0%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Chase has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Chase performed over the past 5 years?

4.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCF has high quality earnings.

Growing Profit Margin: CCF's current net profit margins (13.1%) are higher than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: CCF's earnings have grown by 4.8% per year over the past 5 years.

Accelerating Growth: CCF's earnings growth over the past year (4.3%) is below its 5-year average (4.8% per year).

Earnings vs Industry: CCF earnings growth over the past year (4.3%) exceeded the Chemicals industry -18.6%.


Return on Equity

High ROE: CCF's Return on Equity (12.1%) is considered low.


Next Steps

Financial Health

How is Chase's financial position?


Financial Position Analysis

Short Term Liabilities: CCF's short term assets ($162.9M) exceed its short term liabilities ($23.1M).

Long Term Liabilities: CCF's short term assets ($162.9M) exceed its long term liabilities ($19.3M).


Debt to Equity History and Analysis

Debt Level: CCF is debt free.

Reducing Debt: CCF has no debt compared to 5 years ago when its debt to equity ratio was 36.2%.

Debt Coverage: CCF has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CCF has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Chase current dividend yield, its reliability and sustainability?

0.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCF's dividend (0.8%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: CCF's dividend (0.8%) is low compared to the top 25% of dividend payers in the US market (4.68%).


Stability and Growth of Payments

Stable Dividend: CCF is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: CCF is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CCF is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average management tenure


CEO

Adam Chase (48 yo)

5.67yrs

Tenure

US$1,854,086

Compensation

Mr. Adam P. Chase has been the Chief Executive Officer and President of Chase Corporation since February 3, 2015 and January 30, 2008 respectively. Mr. Chase served as the Chief Operating Officer of Chase ...


CEO Compensation Analysis

Compensation vs Market: Adam's total compensation ($USD1.85M) is below average for companies of similar size in the US market ($USD2.85M).

Compensation vs Earnings: Adam's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Chase
Executive Chairman13.67yrsUS$634.61k9.64%
$ 90.0m
Adam Chase
CEO, President & Director5.67yrsUS$1.85m3.58%
$ 33.4m
Christian Talma
CFO & Treasurer1.67yrsUS$487.73k0.063%
$ 583.8k
Kenneth Feroldi
Senior Advisor on Investor Relationsno dataUS$415.35k0.12%
$ 1.1m
Paula Eckel
Vice President of Human Resourcesno datano datano data
George Hughes
Corporate Secretaryno dataUS$71.58kno data

5.7yrs

Average Tenure

64yo

Average Age

Experienced Management: CCF's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Chase
Executive Chairman13.67yrsUS$634.61k9.64%
$ 90.0m
Adam Chase
CEO, President & Director5.67yrsUS$1.85m3.58%
$ 33.4m
Thomas Wroe
Independent Director12.5yrsUS$119.58k0.050%
$ 467.8k
John Derby
Independent Director5.67yrsUS$105.83k0.034%
$ 315.5k
Lewis Gack
Independent Director18.75yrsUS$123.96k0.045%
$ 419.3k
Mary Chase
Director15.42yrsUS$100.83k0.079%
$ 741.3k
Thomas DeByle
Independent Director1.67yrsUS$94.74k0.015%
$ 141.4k
Chad McDaniel
Independent Director4.67yrsUS$116.30k0.023%
$ 216.2k
Dana Mohler-Faria
Independent Director4.67yrsUS$117.24k0.029%
$ 267.5k

10.8yrs

Average Tenure

70yo

Average Age

Experienced Board: CCF's board of directors are seasoned and experienced ( 10.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CCF insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Chase Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chase Corporation
  • Ticker: CCF
  • Exchange: AMEX
  • Founded: 1946
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: US$933.640m
  • Shares outstanding: 9.39m
  • Website: https://www.chasecorp.com

Number of Employees


Location

  • Chase Corporation
  • 295 University Avenue
  • Westwood
  • Massachusetts
  • 2090
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCFAMEX (NYSE MKT LLC)YesCommon StockUSUSDJul 1974
CJCBST (Boerse-Stuttgart)YesCommon StockDEEURJul 1974
0A0ULSE (London Stock Exchange)YesCommon StockGBEURJul 1974

Biography

Chase Corporation, a specialty chemicals company, manufactures and sells protective materials for various applications worldwide. It operates through three segments: Adhesives, Sealants and Additives; Indu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 00:20
End of Day Share Price2020/10/20 00:00
Earnings2020/05/31
Annual Earnings2019/08/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.